Top Malaysian firms in town next week to explore biz opportunities in Sri Lanka

A Malaysian delegation consisting companies in various sectors will be visiting Sri Lanka from 28 to 30 May to explore business opportunities and further strengthen bilateral trade relationship between the two countries.

This event will be organised by the Malaysia External Trade Development Corporation (MATRADE) as an annual promotion activity in brining Malaysian companies to venture in Sri Lanka.

This year, the delegation consist of 13 Malaysian companies will feature rubber materials for industrial products, household and industrial detergents, designed clothing, plastic products, juice beverage, vegetarian frozen food, children playground equipment, IBS modular building material, personal care products, software development kit, Malaysia healthcare and education services.

With the support from the High Commission of Malaysia Sri Lanka, MATRADE will be organising a Business-to-Business Meet’ Session for 2 days at Hilton Colombo. This session will give an opportunity for Sri Lankan companies to personally interact with the Malaysian businessmen. The B2B session is expected to generate not only business deals but also create potential joint ventures between both business communities.

Sri Lanka continues to be Malaysia’s emerging trading partners. Complementing to the Sri Lanka development progress, Malaysia has gained recognition in the Sri Lanka market as a provider of quality and reliable products and services with large brand name such as Celcom Axiata, under the name of Dialog which is among the largest corporation investor in Sri Lanka. Proton and Perodua have made inroads into Sri Lanka and gaining a fair share of the automotive market.

Total trade between Malaysia and Sri Lanka has increased by 49.4%t in 2011 to US$ 837.71 million. Malaysia’s total exports to Sri Lanka amounted to US$ 662.93 million, an increase of 37% compared with US$ 480.93 million in 2010.

Major exports to Sri Lanka in 2011 were palm oil, chemicals and chemical products, iron and steel products, refined petroleum products, non metallic mineral products and electrical and electronic products.

Sri Lankan companies interested to participate in this two-day event may contact the High Commission of Malaysia in Sri Lanka at [email protected] or MATRADE office located in Chennai, India at [email protected].